It decides on requests from member governments for entry into, or exits from, the ERM, as well as requests for parity rate adjustments.
32.
"There's a lot in favor of the parity rate solution, as long as most exchange rates move close to their current parity rates,"
33.
The French franc is allowed to fluctuate in 15 percent trading bands around its central parity rate of 3 . 3539 per mark.
34.
Analysts said that with revaluation now considered highly unlikely, the focus was on how quickly the punt falls toward its central parity rate.
35.
Speculation about a possible re-valuation upwards of the punt's central parity rate in the European Exchange Rate Mechanism has dampened selling by investors.
36.
The central parity rate will be allowed to depreciate by 1.32 percent a month, taking into account 1997's projected inflation, the Central Bank said.
37.
The government lets the bolivar fluctuate within 7.5 percent of the so-called parity rate, a point in the middle of the range, or band.
38.
Against the ecu, the markka is 1.04 percent stronger than its ERM parity rate, while it is 2.01 percent above its deutsche mark parity rate.
39.
The Central Bank set a parity rate of 299.63 fils _ 1 dinar equals 1, 000 fils _ to the U . S . dollar.
40.
The Greek drachma will enter the exhange rate mechanism, also known as ERM, at a parity rate of 357 drachma against the European currency unit.
